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CFC Canada swoops on Coalition for cyber leader
Insurance Lorenzo Spoerry 31/05/2024 Insurance Lorenzo Spoerry 31/05/2024

CFC Canada swoops on Coalition for cyber leader

Kelly McGuinness’s appointment as the new cyber, tech, and professional liability development leader marks the first major appointment by newly-appointed chief executive Kate Della Mora.

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Corvus doubles cyber limits to $10m, expands small business cyber offering
Insurance Lorenzo Spoerry 29/05/2024 Insurance Lorenzo Spoerry 29/05/2024

Corvus doubles cyber limits to $10m, expands small business cyber offering

Companies with revenues of less than $10m will see a ‘particular focus’

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Mosaic-backed cyber facility launches, targeting mid-market US risks
Insurance Lorenzo Spoerry 28/05/2024 Insurance Lorenzo Spoerry 28/05/2024

Mosaic-backed cyber facility launches, targeting mid-market US risks

Incyde Risk, backed by Mosaic 1609 and other Lloyd’s syndicates, will provide up to $25m in capacity on a primary and first-excess basis

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Cyber rates stabilizing on the back of enhanced cybersecurity measures: McGriff
Insurance Lorenzo Spoerry 28/05/2024 Insurance Lorenzo Spoerry 28/05/2024

Cyber rates stabilizing on the back of enhanced cybersecurity measures: McGriff

The cyber insurance market is seeing rates stabilize, but concerns are high over the potential impact of artificial intelligence

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UK retailers in crosshairs of cyber-criminals but insurance take-up remains low 
Insurance Lorenzo Spoerry 28/05/2024 Insurance Lorenzo Spoerry 28/05/2024

UK retailers in crosshairs of cyber-criminals but insurance take-up remains low 

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Stark increase in cyber attack damages for German companies: KPMG
Insurance Lorenzo Spoerry 27/05/2024 Insurance Lorenzo Spoerry 27/05/2024

Stark increase in cyber attack damages for German companies: KPMG

More than half have reported escalating cyber-related total losses

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IAG Launches specialist SME Cyber Underwriting Agency
Insurance Lorenzo Spoerry 25/05/2024 Insurance Lorenzo Spoerry 25/05/2024

IAG Launches specialist SME Cyber Underwriting Agency

IAG has partnered with UpGuard and Crawford & Company to deliver a product aimed at companies with revenues of up to A$10m

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Lockton appoints Brendan Fitzpatrick to senior cyber role
Lorenzo Spoerry 24/05/2024 Lorenzo Spoerry 24/05/2024

Lockton appoints Brendan Fitzpatrick to senior cyber role

Lockton has appointed Brendan Fitzpatrick as Vice President, Cyber Risk Consultant, to enhance its comprehensive cyber risk management capabilities for clients.

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Howden launches cyber insurance platform for SMEs
Broking, Insurance Lorenzo Spoerry 23/05/2024 Broking, Insurance Lorenzo Spoerry 23/05/2024

Howden launches cyber insurance platform for SMEs

Howden has launched a cyber insurance platform for SMEs that offers coverage limits up to $6m and requires only four pieces of information for a quote.

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Cyber premiums fell in 2023 but demand for bundled policies remains high: Fitch
Insurance Lorenzo Spoerry 22/05/2024 Insurance Lorenzo Spoerry 22/05/2024

Cyber premiums fell in 2023 but demand for bundled policies remains high: Fitch

Despite robust demand and continued profitability, US cyber insurance premiums saw a slight decline in 2023, the first dip in years, as market dynamics and pricing pressures challenge insurers navigating an evolving risk landscape.

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Travelers completes $435M  Corvus acquisition
Insurance Lorenzo Spoerry 03/01/2024 Insurance Lorenzo Spoerry 03/01/2024

Travelers completes $435M Corvus acquisition

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Competition ‘returning to cyber market’: Howden
Insurance, Reinsurance Lorenzo Spoerry 02/01/2024 Insurance, Reinsurance Lorenzo Spoerry 02/01/2024

Competition ‘returning to cyber market’: Howden

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More reinsurers to enter cyber market in 2024: Cybercube
Reinsurance Lorenzo Spoerry 19/12/2023 Reinsurance Lorenzo Spoerry 19/12/2023

More reinsurers to enter cyber market in 2024: Cybercube

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Howden swoops on Marsh for international head of cyber
Insurance Lorenzo Spoerry 16/11/2023 Insurance Lorenzo Spoerry 16/11/2023

Howden swoops on Marsh for international head of cyber

Howden has appointed Jean Bayon de La Tour as international head of cyber

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Highway sharks - The growing threat of disinformation
Insurance Lorenzo Spoerry 04/09/2023 Insurance Lorenzo Spoerry 04/09/2023

Highway sharks - The growing threat of disinformation

The world needs a better defence against disinformation campaigns

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Connected devices increase manufacturing cybersecurity risks: Zurich
insurance Lorenzo Spoerry 18/08/2023 insurance Lorenzo Spoerry 18/08/2023

Connected devices increase manufacturing cybersecurity risks: Zurich

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Global cyber rates increased 1% in Q2: Marsh
Lorenzo Spoerry 31/07/2023 Lorenzo Spoerry 31/07/2023

Global cyber rates increased 1% in Q2: Marsh

A fall in US cyber rates was offset by increases in the UK, Europe and Asia

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QBE North America Launches New Cyber Insurance Program with Converge
insurance Lorenzo Spoerry 28/07/2023 insurance Lorenzo Spoerry 28/07/2023

QBE North America Launches New Cyber Insurance Program with Converge

Coverage will be provided for companies with revenues of up to $750m

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Beazley grows cyber book by 14%
insurance Lorenzo Spoerry 27/07/2023 insurance Lorenzo Spoerry 27/07/2023

Beazley grows cyber book by 14%

Beazley foresees strong demand for cyber products in the European market

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Cybercrime falls in list of executives’ top concerns
Reinsurance, Insurance Lorenzo Spoerry 15/07/2023 Reinsurance, Insurance Lorenzo Spoerry 15/07/2023

Cybercrime falls in list of executives’ top concerns

Beazley has warned that the current level of complacency is unwarranted

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